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March 3, 2020

Hong Kong Quarterly Construction Cost Review

Arcadis' China and Hong Kong Quarterly Construction Cost Review was recently released. Hong Kong recorded a negative growth rate of (-)2.8% YoY based on Q3 2019 In 2019, China's economy saw GDP growth of (+)6.1%, Year-on-Year (YoY) based on Q4 2019. This is the lowest growth since the statistics of China GDP commenced from 1992. Inflation was mild, with the composite Consumer Price Index (CPI) increasing gradually by (+)2.9% YoY based on December 2019.
      In Hong Kong, due to the continuing tension of China-US trade war and weakened consumer demand, the GDP growth rate has recorded a negative growth rate of (-)2.8% Year-on-Year (YoY) based on Q3 2019, this is the very first time since Q3 2009. The growth rate further dropped to (-)2.9% in Q4 2019. The overall composite Consumer Price Index (CPI) decreased slightly this quarter, which dropped to (+)2.9% YoY based on December 2019.
      Download the 2019 fourth quarter edition of Arcadis' China and Hong Kong Quarterly Construction Cost Review


(Source: Arcadis)
 




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